Remy Cointreau Q3 sales growth slows

PARIS Thu Jan 17, 2013 1:45am EST

PARIS Jan 17 (Reuters) - French drinks group Remy Cointreau said third-quarter organic sales growth almost ground to a halt as a later Chinese New Year led to a decrease in shipments.

Sales rose 0.5 percent like-for-like in the three months to Dec. 31, slowing from 5.3 percent growth in the second quarter and 24.4 percent in the first, Remy said in a statement on Thursday.

The maker of Remy Martin cognac, Cointreau liqueur and Mount Gay Rum confirmed its target for a significant increase in full-year earnings, however. (Reporting by James Regan; Editing by Dominique Vidalon)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.